Barnaby Grist has left his position as senior managing director of strategic business development of The Charles Schwab Corp.'s investment adviser group to join Cetera Financial Group, a new independent-brokerage venture controlled by Lightyear Capital LLC.
Stifel Financial Corp., which increased its brokerage force by 23% in the past year, won't be as buffeted as many analysts expect if regulators impose a fiduciary standard on brokers, the company's chief executive said today.
NFP Securities Inc., which in the past has targeted its brokerage services to the insurance agencies and financial planning firms owned by its parent, National Financial Partners Corp., is re-branding itself to attract a broader base of hybrid advisers and registered investment advisers.
National Financial Partners' Advisor Services Group, the smallest of the company's three business units, grew the fastest in the second quarter ending June 30.
The ormer chairman and chief executive of UBS Financial Services Inc. and its PaineWebber predecessor, is weighing a return to retail brokerage
Fourteen securities firms have reached settlements with N.Y. attorney general Andrew Cuomo over the sale of auction rate securities. The discount brokerage is taking a different approach.
Jerry Pascucci, the chief investment officer for alternative investments at Morgan Stanley Smith Barney LLC, is joining the…
United Capital Financial Partners Inc., which has been deploying capital raised from Bessemer Venture Partners and Grail Partners LLC to build a nationwide fee-based advisory network, has purchased Dunn Hogerty Investment Consulting Inc., an independent-brokerage practice in Fort Collins, Colo.
Joseph Duran, the roll-up firm's CEO, thinks he has the right plan for extracting value from a disparate group of wealth managers
UBS AG's retail-brokerage operations in the United States lost $63.8 million pretax in the second quarter, reversing a pretax profit of $14.3 million in the first three months of 2010.
